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Econocom Group SE — M&A Activity 2012
Oct 17, 2012
3943_iss_2012-10-17_eca7f0d6-d353-48f8-bb53-3e37dcbfcca1.pdf
M&A Activity
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REGLULATED INFORMATION 1 October 2012
ECONOCOM FINALISES THE ACQUISITION OF CAP SYNERGY
Econocom Group announced today that it has finalised the acquisition of Cap Synergy's entire share capital.
Founded in 1999, Cap Synergy, a French systems integrator specialising in network and IT system security, posts strong growth in revenue, standing at almost €10 million, with a customer base consisting of medium and large public and private-sector companies including Accor, the French Ministry of the Economy and Finances, and RATP Dev.
This acquisition will enable Econocom to develop its expertise in IT security, which is a major concern for companies changing their IT systems and adopting cloud computing, BYOD, and mobile ICT solutions.
This transaction is in line with Econocom Group's strategy to acquire specific expertise with a view to enhancing its offering, and one which has already resulted in four transactions since the beginning of the year: Centix (virtualisation), Tactem (telecoms), Cap Synergy (IT security) and, as recently announced, Ermestel (virtualisation).
Next press release: publication of the 3rd-quarter revenue after close of trading on 17 October 2012.
About Econocom: Established in 17 countries with 3,700 employees and consolidated revenue of €1.58 billion in 2011, Econocom is Europe's leading independent provider of business-to-business IT and telecoms infrastructure management services.
Its services include consultancy, distribution, leasing and a complete range of IT outsourcing services. The Econocom Group share (BE0974266950 - ECONB) has been listed on the Euronext NYSE in Brussels since 1986 and is part of the BelMid index.
For further information: www.econocom.com Follow us on Twitter: https://twitter.com/econocom
Contact: investor and shareholder relations: [email protected] PR contact: [email protected] Sign up here to receive financial news on Econocom via email: www.actusnews.com